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Veronica
Veronica has requested a $600 USD loan to improve her business. She has a kiosk where many people come to buy every day. She is married and she is 30 years old. With the loan she will buy some additional supplies such as soft drinks (Fanta, Coca Cola, Sprite, Sagiko), hard drinks (beer) noodles, coffee, sugar, salt, cigarettes, biscuits, noodles, sugar, and a refrigerator to keep the drinks. She has been involving herself in business activities since 2002. She feels comfortable running her business because she can earn money every day.

Running a business has made Veronica independent because she can be responsible for herself and also help her family. She hopes to run a bigger business in the future.

Additional Information

More information about this loan

This loan is part of TRM’s effort to reach microentrepreneurs in East Timor, a region suffering from a deeply underdeveloped financial sector. Since its independence in 2002, East Timor has struggled with internal tensions which led to the quasi disappearance of its financial system. As of 2012, TRM is one of only two MFIs operating in East Timor trying to respond to the needs of thousands of microentrepreneurs. This loan provides underserved borrowers with critical capital to sustain their existing businesses. 

Information about TRM

Tuba Rai Metin (TRM) is a microfinance institution in East Timor, one of the smallest, newest and least developed countries in Southeast Asia. The organization provides credit, savings and micro-insurance services to more than 7,000 clients. Its goal is to extend its reach into even more remote regions through branchless banking services.

About Timor-Leste

  • $3,100
    Average annual income
  • 7
    View loans »
    Timor-Leste Loans Fundraising
  • $1,552,150
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $600 helped Veronica to buy soft drinks (Fanta, Coca Cola, Sprite, Sagiko), hard drinks (beer), noodles, coffee, sugar, salt, and cigarettes.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 10, 2013
Listed
Aug 8, 2013
Currency Exchange Loss:
N/A
Ended:
Mar 18, 2014